UniPay Gateway Payment Advice

Build Own Payment Gateway Vs. License An Existing ProductBuilding your own payment gateway is a challenging and daunting project, but licensing an open source payment gateway can certainly make the process easier than starting from scratch. With the right open source payment gateway solution, you’re several steps ahead of the game and can benefit from established relationships. When trying to build your own payment gateway, you’re likely to encounter a number of issues that need to be resolved,...Read more…

Contactless Payments Demystified Contactless payments allow both merchants and cardholders to save time, providing a handy payment tool. Contactless payments are often referred to as near-field contact or NFC payments, as they are based on the NFC technology which works as follows. Once a card gets into the magnetic field of the terminal, card data is read by the terminal; contactless payment cards do not have to be inserted into a payment terminal...Read more…

Can My Business Become A Payment Facilitator?Companies with a desire to become a payment facilitator face a long road and many challenges, but it may be possible for your company to meet those challenges if you know what’s expected and choose the right payment gateway solution. Payment facilitators take legal responsibility for money when it isn’t still in the hands of the buyer and isn’t yet in the hands of the merchant, so this role in facilitating payments...Read more…

Is It Possible To Recreate PayPal With UniPay?If PayPal isn’t available in your part of the world or the kind of business you operate isn’t highly regarded by this payment industry giant, you may be wondering if you can build your own version of the ideal payment gateway using the UniPay payment gateway solution or another product. The answer is yes; it’s possible to recreate this payment processing system. It’s a big job, but it’s doable.
You’ll need...Read more…

What’s So Challenging About Building Your Own Payment Gateway?The right in-house or white label payment gateway is crucial in powering today’s online commerce, and the best payment gateway for online business is one that offers a robust range of features. So why not just build your own from scratch and avoid licensing fees and monthly costs? That can be challenging, but you still may be able to have an online payment gateway under your own brand that can...Read more…

Is Your Need For Recurring Billing Complex?Some companies that use recurring billing don’t need much. They simply need to collect the same recurring payments from the same group of a few customers every week, month or year. And frankly, quite a few low-cost options are available to handle that. But most of today’s companies are a bit more dynamic and need more flexibility. There are payment systems available that can meet your needs and keep up...Read more…

Can Your Business Save With PINless Debit?While cost savings from PINless debit card transaction fees on debit card payments may not seem as impressive as you’d like, it’s still worth considering. Adding this capability to your debit card processing options makes sense for many companies and might just make sense for yours too. And as an added bonus, PINless debit transactions are handled through debit card networks in real time and funds are often available to...Read more…

Closed Loop Gift Card ProcessingClosed loop gift card processing can be arranged by a payment gateway or a merchant in one of several ways. The “closed loop” can involve a third-party gift card issuer, who issues the cards and handles all the acquiring issues (although closed loop gift cards, issued by a third party, can be white-labeled by the merchant). The third-party-based approach does not require as much efforts from the merchant as implementation...Read more…

Who Benefits from Open Source Payment GatewayMany different kinds of companies can benefit from an open source payment gateway, but three types of companies can particularly benefit. Open source products are common in many industries, and it makes sense that commercial open source software would come to the payment processing industry.
Those three types of companies that can most benefit from a robust, modern and completely flexible payment gateway are:
Payment facilitators. Since payment facilitators process lots of...Read more…

Account Updater ModelsDifferent payment card associations use different account updater models. This fact should be kept in mind by recurring billing companies (especially, by companies, dealing with systems, which follow different account updater models).
Many payment gateways follow the so-called integrated model. Under this model a merchant sends transactions to be processed by a payment gateway, as usual. If an update for some account is available (from the issuer), the payment gateway adds...Read more…

Managing Bank Account Transfers WorldwidePayment gateway providers, processing transactions worldwide, need to be aware of the fact that different countries are using different systems to handle bank account transfers. Such countries as the USA and Canada rely on the so-called one-phase systems. In such systems a merchant sends a file with transactions to be funded to the clearing house (ACH/Federal Reserve is an example of the clearing house in the US). The clearing house...Read more…

EMV Parameters and EMV Keys Rotation Some people think that EMV certification process consists of host certification and terminal certification only. In reality, EMV processing functionality also includes another important component: handling of EMV parameters and EMV application keys.
A lot of developers understand how important it is only at later phases of EMV functionality implementation. Handling of EMV parameters and EMV keys rotation is particularly important if you are dealing with several acquirers. EMV parameters and...Read more…

Payment Gateway MonitoringThe two basic approaches used for monitoring of payment gateway operation include transaction velocity tracking mechanism and internal audit. Internal audit is intended to detect problems within the payment gateway system itself. Transaction velocity tracking is the mechanism targeted at detection of connection problems and issues, happening on the customers’ end.
Sometimes internal audit of a payment gateway includes checking of log files, generated by various subsystems. In some cases it...Read more…

PSPs, Payment Facilitators, and AggregatorsDepending on a size of a merchant’s business, the merchant might find it more profitable to operate through various types of intermediary entities. A small-size merchant might not even have a MID. In this case merchant funding will be performed by a payment aggregator – a business, which has a lot of small sub-merchants in its portfolio and uses a single merchant ID for all of them. If the intermediary...Read more…

Payment Processing Emulators in Payment GatewaysA payment processing emulator can enhance, and at the same time, simplify the process of integration between a payment gateway and various third parties (such as new merchants and resellers).
During integrations with the legacy systems merchants developed all integration-related functionality themselves and then tested it on special scenarios. The results of these tests had to be reviewed by the assigned specialists (real operators) on the payment gateway’s end.
In modern systems...Read more…